26-218.E - Revenue Plant Accountant - Sr.

Hilcorp•Houston, TX

About The Position

Perform full cycle gas pipeline and gas plant accounting for assigned asset Essential Job Responsibilities: Perform monthly plant accounting close, including journal entries, accruals, and account reconciliations Analyze and process plant statements (e.g., POP, Keep-Whole, Fee-Based) Reconcile inlet vs. outlet volumes, including residue gas, NGLs, fuel usage, and shrink Calculate and validate net residue MMBtu and NGL gallons for revenue recognition Account for and track plant fuel, compression fuel, and lost & unaccounted for (L&U) volumes Support revenue recognition for gas sales, NGL sales, and processing fees in accordance with contracts Perform imbalance accounting, including tracking over/under-deliveries by producer or customer Review and validate component settlement calculations (ethane, propane, butane, etc.) Partner with Commercial and Operations teams to interpret contract terms and resolve discrepancies Investigate and explain volume and revenue variances month-over-month Assist with system inputs and allocations in systems such as Quorum, TIPS, or similar Maintain pricing and other rate scale escalations in TIPS Reviews cash application on a monthly basis. Expert in revenue recognition regulations. Processing prior period adjustments. Prepares monthly variance analysis and explains fluctuations. Performs special projects that require advanced knowledge of midstream revenue accounting as needed. Leads period closing activities, including preparation and review of flux analysis. Participates in audits and in inquiries from other functions and/or outside parties. Maintains technical knowledge by completing technical training, review of industry publications, and relevant guidance. Provide training and guidance to junior staff and new staff on complex processes. Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation. Supports company vision and mission. Adheres to established work schedule, attendance standards and is punctual to work and meetings. Other Job Responsibilities: Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential. Contributes to team effort by accomplishing related results as needed. Independently completes complex special projects in additional to routine task as assigned by management.

Requirements

Eight (8) years minimum experience in midstream revenue accounting.
Strong understanding of: Gas measurement (MCF, MMBtu, gallons) POP, Keep-Whole, and Fee-Based contracts Shrink, fuel, and plant recoveries Experience with plant statements and volume reconciliation
Ability to proactively identify and solve complex problems with little assistance or guidance.
Ability to solve problems accurately and exhibit exceptional proficiency in data management, including spreadsheet proficiency.
Ability to establish and maintain effective working relationships with employees, managers of other departments, officials, and the public.
Ability to complete multiple, diverse tasks of differing priorities.
Very familiar with integration between division orders, marketing production accounting, transportation and POP fees.
Outstanding administrative and organizational skills.
Excellent written and verbal communication skills, with specific ability to translate complex operational information into an organized and presentable manner.
Proficiency in ERP/accounting systems (e.g., SAP PRA) and midstream systems (e.g., Quorum TIPS)
Advanced Excel skills (pivot tables, lookups, large data sets)
Bachelor’s Degree from an accredited four-year university or college with a degree in accounting and equivalent experience.

Responsibilities

Perform monthly plant accounting close, including journal entries, accruals, and account reconciliations
Analyze and process plant statements (e.g., POP, Keep-Whole, Fee-Based)
Reconcile inlet vs. outlet volumes, including residue gas, NGLs, fuel usage, and shrink
Calculate and validate net residue MMBtu and NGL gallons for revenue recognition
Account for and track plant fuel, compression fuel, and lost & unaccounted for (L&U) volumes
Support revenue recognition for gas sales, NGL sales, and processing fees in accordance with contracts
Perform imbalance accounting, including tracking over/under-deliveries by producer or customer
Review and validate component settlement calculations (ethane, propane, butane, etc.)
Partner with Commercial and Operations teams to interpret contract terms and resolve discrepancies
Investigate and explain volume and revenue variances month-over-month
Assist with system inputs and allocations in systems such as Quorum, TIPS, or similar
Maintain pricing and other rate scale escalations in TIPS
Reviews cash application on a monthly basis.
Expert in revenue recognition regulations.
Processing prior period adjustments.
Prepares monthly variance analysis and explains fluctuations.
Performs special projects that require advanced knowledge of midstream revenue accounting as needed.
Leads period closing activities, including preparation and review of flux analysis.
Participates in audits and in inquiries from other functions and/or outside parties.
Maintains technical knowledge by completing technical training, review of industry publications, and relevant guidance.
Provide training and guidance to junior staff and new staff on complex processes.
Adheres to the company’s values – integrity, ownership, urgency, alignment and innovation.
Supports company vision and mission.
Adheres to established work schedule, attendance standards and is punctual to work and meetings.
Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential.
Contributes to team effort by accomplishing related results as needed.
Independently completes complex special projects in additional to routine task as assigned by management.